Says Fosella: “Here’s how it would work: Families would be permitted to take a dollar-for-dollar reduction in their tax liability for non-public-school-tuition expenses. For example, a taxpayer with a liability of $10,000 and a tax credit of $4,500 would be required to pay only $5,500 in taxes. Simply, it allows families to keep more of their money to spend on their children’s education.”